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“They’re screwed, I think, unless they can spin up a new entity in an unregulated area, which they might do,” the CEO of one of the firms preparing to use an overseas jurisdiction, who also requested anonymity. “I know that some of these firms have been either in the process
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Share prices of Asus, Gigabyte and MSI have fallen amid a massive drop in pricing for graphics cards as Ethereum's transition to a proof-of-stake protocol nears; ether and other cryptos also gain. Original Source
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"We're still in a downtrend market. Bear market rallies tend to be extreme. Until we break out of the down trendline, it's hard to say the bull market is around the corner," Kevin Kang, founding principal of BKCoin Capital LP, told CryptoX in an email, citing potential yield curve inversion,
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As part of a series of amendments to South Africa’s financial laws, crypto-asset service providers will become accountable institutions. A report from the South African treasury announced further crypto regulations “to be finalized during 2022.”In brief, the proposed changes will ensure that “any person providing advice or intermediary services related
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An uptick in Bitcoin (BTC) supply to whales' addresses witnessed across January appears to be stalling midway as the price continues its intraday correction toward $42,000, the latest data from CoinMetrics shows.Whales, fishes take a break from BitcoinThe sum of Bitcoin being held in addresses whose balance was at least 1,000
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“Rampant” issues relating to minting counterfeit nonfungible tokens, or NFTs, have forced popular platform Cent to halt some operations.Founded in 2017, Cent kicked off as a “social network and informal platform for creative experimentation.” In 2020, the team also launched an NFT platform called Valuables to mint and auction iconic
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Ethereum’s Ether token (ETH) is due to launch a "parabolic" attack on BTC to beat all-time highs, one analyst believes.2-week predicts "crazy" ETH moveETH/BTC 1-month candle chart (Bitstamp). Source: TradingViewData from Cryptox Markets Pro and TradingView shows ETH/BTC sitting near three-year highs — but its next move should be even stronger.Ethereum against
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Following the Securities and Exchange Commission’s rejection of Vaneck’s bitcoin spot market exchange-traded fund (ETF) on Friday, a number of cryptocurrency advocates discussed the subject this weekend. For instance, the veteran FX trader Peter Brandt told his 581,700 Twitter followers that bitcoin maximalists “should oppose” a spot market bitcoin ETF.
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A team of U.S. bank regulators is devising ways in which banks may hold crypto on their balance sheets, provide custody and facilitate client trading.In an interview with Reuters reported Monday, Jelena McWilliams, chair of the Federal Deposit Insurance Corp. (FDIC), said banks needed to be allowed to get involved
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The committee is to be chaired by a deputy governor of the State Bank of Pakistan (SBP) along with officials of Ministries Of Finance, Information Technology, Pakistan Telecommunication Authority and Security and Exchange Commission of Pakistan, according to the report. Source
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